Jacqueline Novogratz - Quotes

Feb 04,2014

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A sustainable world means working together to create prosperity for all.
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Monsters will always exist. There's one inside each of us. But an angel lives there, too. There is no more important agenda than figuring out how to slay one and nurture the other.
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Despite the hundreds of non-governmental organizations and the continued outpouring of foreign aid, East Africa remains as a region overwhelmed by extreme poverty.
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In the case of maternal health care, you look at, well naturally, it's the mother who's the customer, who makes the decisions. But in truth, the mother in many areas, in certain parts of India, the mother has very little decision-making power at all. The real decision-maker is the mother-in-law.
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Grief releases love and it also instills a profound sense of connection.
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When we deny the poor and the vulnerable their own human dignity and capacity for freedom and choice, it becomes self-denial. It becomes a denial of both our collective and individual dignity, at all levels of society.

Many business leaders are seeing the relationship between long term success and sustainability, and that's very heartening.
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President Kennedy said that those who make peaceful revolution impossible make violent revolution inevitable. I would say that the converse is true.
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I dream a world in no one feels the need for or fear of predatory behavior, in which each of us walks with the knowledge of how beautiful - and valuable - is each human life.
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The poor don't live in functional market economies as the rest of us do, but in political economies where corruption and broken systems extend from local government to moneylenders.
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I believe the government should ensure all children are provided with a good education.
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Standing with the poor means walking away from unethical leaders, even when their companies are 'succeeding.'
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As a 25-year-old banker, I decided to leave my career and change the world. This sounds like a move that a 25-year-old banker might make today - to escape the chaos.
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I studied international relations and economics at the University of Virginia. I paid my way by working as a bartender in the summer and at three part-time jobs during the year.
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I think we so often equate leadership with being experts - the leader is supposed to come in and fix things. But in this interconnected world we live in now, it's almost impossible for just one person to do that.
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Companies like Husk Power Systems are working to impact positively not only the environment, but to ensure that someday everyone, including the poorest of the poor in rural India, will have access to clean and affordable electricity.
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I was an accidental banker. To please my parents, I went for an interview with Chase Manhattan Bank in 1983. They promised to send me into their offices in more than 40 countries and essentially audit the practices. It was an extraordinary job.
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Malaria is a disease that kills one to three million people a year. 300 to 500 million cases are reported. It's estimated that Africa loses about 13 billion dollars a year to the disease. Five dollars can save a life. We can send people to the moon; we can see if there's life on Mars - why can't we get five-dollar nets to 500 million people?
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Rockefeller viewed his philanthropy through the lens of his business, and it really mirrored the Industrial Revolution. It was highly centralized, it was top down, it was based on experts, and it was big-picture.
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We see very, very high rates of C-sections, Cesarean sections, in India. Lots of reasons for it, high levels of malnutrition have meant that women have very small pelvic areas often, so if they have larger babies, it's very hard to deliver.
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Our actions - and inaction - touch people we may never know and never meet across the globe.
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When I see people that are my age and reaching 50, the ones that are really sparkly and full of joy are the ones that are committed to something bigger than themselves.
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Where micro-finance focuses on small loans to individual, low-income women, think of Acumen Fund more like a venture capital fund.
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I've heard it said that the most dangerous animal on the planet is the adolescent male.
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I have seen that traditional approaches to charity and aid don't solve problems of poverty. In fact, too often they create dependence.
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Money earned by men would not always reach to their wives and children.
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There's a real moral imperative in being an organization that takes the time to sit and listen to the customers and the people they're serving.
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Wealth today has been created by a world view dominated by fast-moving networks, open information, bottom-up entrepreneurialism.
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What we yearn for as human beings is to be visible to each other.
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In India, we now see many highly qualified professionals ready to work in the rural hinterland and in their own towns and cities to tackle development issues directly without depending much on the government.
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For too much of history, we've viewed the world's precious resources - both environmental and human - as things to extract, to make the most of in order to maximize their potential.
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I think I still have a great sense of adventure and trust, and am surprisingly idealistic given all the horrible things I've seen since I was 25. I think how I have changed is that I have a much deeper understanding of the dark forces in the world, of power.
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I've been working on issues of poverty for more than 20 years, and so it's ironic that the problem that and question that I most grapple with is how you actually define poverty. What does it mean?
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Leaders can get stuck in groupthink because they're really not listening, or they're listening only to what they want to listen to, or they actually think they're so right that they're not interested in listening. And that leads to a lot of suboptimal solutions in the world.
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As both developed and developing nations search for alternative sources of energy in response to the growing energy crisis, we at Acumen Fund believe that investing in entrepreneurs who provide innovative energy solutions is an increasingly critical part of the solution.
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Impact investing has become a broad umbrella that includes all investing with a focus on both financial return and social impact, but in its best form, impact investing prioritizes impact over returns and achieves outcomes that traditional investing cannot.
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There are cases where government-to-government aid actually has worked. Look at the eradication of smallpox and the near eradication of polio. But these are really top down solutions that require government-to-government support and aid.
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This idea of universal access to basic healthcare has to be figured out as a world. No country has figured it out in part because it is driven by ideology.
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Philanthropy is no longer about writing a check for $10,000 to the opera.
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You have to learn to ask questions in a way that will elicit more nuanced answers, rather than the answers you would like to get.
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Human beings tend not to spend money on health preventionally. We tend to spend it on top treatment.
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Biography

Jacqueline Novogratz is an American entrepreneur and author. She is the founder and CEO of Acumen, a non-profit global venture capital fund whose goal is to use entrepreneurial approaches to address global poverty. Acumen has invested over $101 million of patient capital in 92 businesses whose products and services are enabling the poor to transform their lives (wikipedia)